Google on Saturday became the latest US tech giant to prevent Russian state media from earning money on its platforms in response to Moscow’s invasion of Ukraine. It follows similar moves by its YouTube subsidiary and Facebook. “In response to the war in Ukraine, we are pausing Google monetization of Russian state-funded media across our […]
Facebook’s owner Meta Platforms saw its stock market value slump by more than $230bn (£169bn) on Thursday, in a record daily loss for a US firm. Its shares fell 26.4% after quarterly figures disappointed investors. Meta also said that Facebook’s daily active users (DAUs) had dropped for the first time in its 18-year history. The […]
An Australian billionaire has launched a criminal case against Facebook, alleging the company failed to prevent scam ads that used his image. Andrew Forrest argues Facebook breached Australian anti-money laundering laws over the spread of cryptocurrency cons. He said it was the first time Facebook was facing a criminal case globally. Facebook’s owner, Meta, did […]
The Facebook-backed digital currency project Diem announced Monday the winding down and $182-million sale of its technology, capping a years-long initiative that drew significant concern from regulators. Facebook’s announcement in 2019 of plans to design a cryptocurrency and payment system raised immediate red flags for global finance officials, who expressed a barrage of criticism about […]